The Compound on $RDDT (Nov 4, 2026)
Despite 53% revenue growth this quarter, RDDT is down 60% this year as Google search inbound traffic fell in Q3 and the decline accelerated; the CEO says Google has harmed Reddit. The speaker would be truly shocked if Reddit set a new record, calling the business permanently damaged and possibly still so.
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I think it's funny that you're comparing Reddit to Intel, but we'll talk about that later.
Reddit's co-founder and CEO simply stated, "Google has harmed us." "People still want to use Reddit." "But Google no longer sends them to Reddit like it used to."
The stock has fallen by 60% since the beginning of the year. We saw a significant decrease in search inbound traffic in the third quarter, with this decrease accelerating later in the same quarter.
So, I'm shocked at how impressive their revenue growth has been. 53% this quarter. Well, and for Google too. So, well, Reddit will never set a new record. I would be very shocked if that happened.
I would be truly shocked. Her business is permanently damaged. It may remain so.